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can you get a deal on the debt ceiling? can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me what, the president said he's not going to deal. he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, it we're going to be talking about further deficit reduction, but it has to be done in a balanced way. at the heart of this debt ceiling debates is whether or not we're going to continue to reduce the deficit. i think we need to do it in a thoughtful way. and the president said as long as it's balanced he's open to the conversation. >> okay. so i'm confused because i've heard him say multiple times i am not going to negotiate over raising this debt ceiling. so are you going to negotiate? >> i can just tell you this. the debt cei
can you get a deal on the debt ceiling? can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me what, the president said he's not going to deal. he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the...
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gerri: to tht point, we have the debt ceiling looming. if we were to find a solution for the debt ceiling from whether it makes democrats or republicans happy, we have some kind of resolution on the fiscal cliff. if we were to do the debt ceiling and take care of sequestration, do you think employers will start hiing? >> the best we could do would be to come up with a credible long-term plan. gerri: credible long-term plan on capitol hill and the white house. are you kidding? >> u.s. you're right. the problem here is, between now and the end of february eryone goin to say, well, here is a we need to do? are they going to agree on it? the republicans, i think, have corrected said we have done something on taxes. we raised it for everybody who works to raisetaxes for those nasty rich folk. now cut spending in order to get on a gravel path to reduce he deficit. >> we enacted the greast tax cut in american history. 25 million new jobs. the american economy had confidence in president reagan. in what direction was going to be. that is what is
gerri: to tht point, we have the debt ceiling looming. if we were to find a solution for the debt ceiling from whether it makes democrats or republicans happy, we have some kind of resolution on the fiscal cliff. if we were to do the debt ceiling and take care of sequestration, do you think employers will start hiing? >> the best we could do would be to come up with a credible long-term plan. gerri: credible long-term plan on capitol hill and the white house. are you kidding? >>...
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all i can think about is the debt ceiling debate and we saw 2000 points stripped off without. what you think? >> well, it could be a real problem. the last big one we had was 1995, 1996, that was certainly a disaster for me publican sampling. it is not the right way to do things. it's a stupid way of trying to manage the budget. >> i couldn't agree with you more. the facts this house of representatives is the last vestige of republicanism as when it comes to power in washington right now. i think their expectations are significantly well beyond the reality is what they can accomplish, or am i wrong? >> the house of representatives has originate all spending cuts. lou: another 4 trillion over the course of the next 10 years. 22 trillion at the end of obama's time in office, we are going to be looking at $26,000 in debt. thank you,mr. obama. >> the basic point is that the american people know that we have thave cutbacks in entitlement programs. lou: let's set aside the european tax rates. [talking over each other] lou: let me ask you this. if you don't think that the republicans
all i can think about is the debt ceiling debate and we saw 2000 points stripped off without. what you think? >> well, it could be a real problem. the last big one we had was 1995, 1996, that was certainly a disaster for me publican sampling. it is not the right way to do things. it's a stupid way of trying to manage the budget. >> i couldn't agree with you more. the facts this house of representatives is the last vestige of republicanism as when it comes to power in washington...
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Jan 6, 2013
01/13
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the debt ceiling and spending. we hope, now that the president is back do we know what his strategy is? >> he was victor in the elections and he intends to use that political capital and his campaign style success to get his message across. for example, we hit the nations 16 hadn't $4 trillion debt limit last week. that is the nation's credit card limit to pay for spending. the president is making the case publicly he wants congress to raise that limit without a fight. >> one thing i will not compromise over whether or not congress should pay the tab for a bill they already racked up. if congress refuses to give the united states the ability to pay its bills on time, the consequences could be catastrophic. our entire economy could suffer for it. our family and businesses can't afford that dangerous game again. >> molly: congress has two months to fix the debt ceiling problem before the u.s. may have to default on its bills. >> jamie: what kind of reaction did we hear from republicans? >> molly: republicans agreed f
the debt ceiling and spending. we hope, now that the president is back do we know what his strategy is? >> he was victor in the elections and he intends to use that political capital and his campaign style success to get his message across. for example, we hit the nations 16 hadn't $4 trillion debt limit last week. that is the nation's credit card limit to pay for spending. the president is making the case publicly he wants congress to raise that limit without a fight. >> one thing...
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Jan 6, 2013
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we raise the debt ceiling in 2 months. we have to have a true debate, in the house and the senate. we can't let the senate go through this process without a debate before the american people about the real issues, that's the drive about the deficit and the debt. that turnover concerns me and a lot of constituents. >> americans are hoping that the interest rates stay low because our problems will be vastly exacerbated if they don't. appreciate you both appearing today. >> thank you. >> are we sharing a little too much? the pictures you take with your smart phones tell more than a thousand words. it can tell your location and anybody else your location, the exact address where the picture's taken. you can't afford to miss this, coming up. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my sto
we raise the debt ceiling in 2 months. we have to have a true debate, in the house and the senate. we can't let the senate go through this process without a debate before the american people about the real issues, that's the drive about the deficit and the debt. that turnover concerns me and a lot of constituents. >> americans are hoping that the interest rates stay low because our problems will be vastly exacerbated if they don't. appreciate you both appearing today. >> thank you....